The rent prices in real estate in Cleveland, in the Ohio region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Cleveland has risen strongly during the last 6 months. In March, the average price per sq.feet was $3.15. In the following month the price per sq.feet fell considerably to $1.52. The price for the following two months in (May, June) had a considerable fall of 63 with regard to the previous two months. The price per sq.feet has had a considerable rise of 1046 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $1.9 to $19.88 during July, and August.
When referring to the price in Cleveland (cities), this has risen considerably in the last 6 months. The rent price in March is $1,162, rising in April till $1,277. In the following two months the average price has hardly changed with regard to the previous two months from $1,219.5 to $1,240.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 123 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $1,689 they are 33 % more affordable than the average price for Cleveland . The properties with the highest average price have 2 bedrooms, Their price is 13 % more expensive than the average. After that we have properties with 1 bedroom priced at $1,732.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.79 / sq.feet, with an average $38.38 / sq.feet price in Cleveland. The properties with the most expensive average prices have 1 bedroom. They are 75 % more expensive than the average followed by properties with 2 bedrooms with a price at $49.16 / sq.feet.
The graph displaying the average rent prices displays the property type "Villa" as the most affordable one. At an cost of $1,689 it is 42 % more affordable than the average price in Cleveland. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Apartment". At a price of $1,280 it is 62 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.12 / sq.feet followed by "Apartment" priced at $1.43 / sq.feet. "Condo" is the most expensive type of property with a $180.43 / sq.feet value followed by "Villa" with an average price of $25 / sq.feet.